This property looks like a bad Airbnb investment with a projected -19.16% first-year return on $118k initial cash invested.
-19.16%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$2,561
Rent
-$1,879
Cashflow
Cash Flow
$2,561 income − $4,440 expenses = $1,879 out of pocket
Investment Breakdown
|
Purchase Price
$475k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$94,940
Closing costs
1%
$4,747
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,561
Total Expenses
$4,440
Mortgage P&I
96%
$2,461
Property Taxes
21%
$529
Home Insurance
7%
$175
HOA
2%
$47
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640